Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

NCLAT Set Aside AA’s Dissolution Order as No Assets Existed for Liquidation

Case Details: Janak Jagjivan Shah … Continue reading “NCLAT Set Aside AA’s Dissolution Order as No Assets Existed for Liquidation”

Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

Appellant-Bank Was Classified as a FC, as Hypothecation Deed Served as a Guarantee for Borrowers’ Liability | SC

Case Details: China Development Bank … Continue reading “Appellant-Bank Was Classified as a FC, as Hypothecation Deed Served as a Guarantee for Borrowers’ Liability | SC”

Blog, News, Insolvency and Bankruptcy Code

December 23, 2024

Delisting of Equity Shares Under Approved Resolution Plan Would Be Governed by IBC; Overrides SEBI Delisting Norms | HC

Case Details: Harsh Mehta v. … Continue reading “Delisting of Equity Shares Under Approved Resolution Plan Would Be Governed by IBC; Overrides SEBI Delisting Norms | HC”

News, Blog, Insolvency and Bankruptcy Code

December 22, 2024

Interim Moratorium Barred Continuation of Proceedings u/s 138 of NI Act Against Petitioner Due to IBC’s Overriding Effect | HC

Case Details: Surendra Kumar Patwa … Continue reading “Interim Moratorium Barred Continuation of Proceedings u/s 138 of NI Act Against Petitioner Due to IBC’s Overriding Effect | HC”

Blog, News, Insolvency and Bankruptcy Code

December 21, 2024

RP Justified in Refusing to Hand Over Wind Turbine Generators as Appellant-OC Failed to Make Payment of Dues Lying with CD | SC

Case Details: Vish Wind Infrastrukture … Continue reading “RP Justified in Refusing to Hand Over Wind Turbine Generators as Appellant-OC Failed to Make Payment of Dues Lying with CD | SC”

Blog, News, Insolvency and Bankruptcy Code

December 16, 2024

Financial Creditor’s Director Was Competent to File CIRP Plea Even If He Was a Director in a Struck Off Company | NCLT

Case Details: Airwil JKM Infrastructure … Continue reading “Financial Creditor’s Director Was Competent to File CIRP Plea Even If He Was a Director in a Struck Off Company | NCLT”

Blog, News, Insolvency and Bankruptcy Code

December 4, 2024

IBBI Issues Guidelines Detailing the Procedure to Prepare a Panel of IPs for Roles as IRPs, Liquidators, & RPs

Guidelines Dated: 02.12.2024 To address … Continue reading “IBBI Issues Guidelines Detailing the Procedure to Prepare a Panel of IPs for Roles as IRPs, Liquidators, & RPs”

Blog, News, Insolvency and Bankruptcy Code

December 3, 2024

IBBI Extends Due Date for Filing Liquidation and Voluntary Liquidation Forms Till 31.12.2024

Circular No. IBBI/LIQ/79/2024, Dated: 02.12.2024 … Continue reading “IBBI Extends Due Date for Filing Liquidation and Voluntary Liquidation Forms Till 31.12.2024”

Blog, News, Insolvency and Bankruptcy Code

November 30, 2024

HC’s Order Directing Deferment of CIRP Was to Be Set Aside as It Breaches Basic Intent of IBC Provisions | SC

Case Details: Committee of Creditors … Continue reading “HC’s Order Directing Deferment of CIRP Was to Be Set Aside as It Breaches Basic Intent of IBC Provisions | SC”

Blog, News, Insolvency and Bankruptcy Code

November 25, 2024

NCLT Admits Insolvency Plea u/s 95 Against Personal Guarantor as Debts Were Fully Recoverable as Per Guarantee Deed

Case Details: State Bank of … Continue reading “NCLT Admits Insolvency Plea u/s 95 Against Personal Guarantor as Debts Were Fully Recoverable as Per Guarantee Deed”